NewEnergyNews: THE GLOBAL SOLAR PV ACHIEVEMENT/

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    Sunday, January 23, 2011

    THE GLOBAL SOLAR PV ACHIEVEMENT

    Solar PV Installations Reached 17.5 GW in 2010; New Report Forecasts 20.5 GW for 2011
    17 January 2011 (IMS Research)

    "A new report from IMS Research estimates that new PV installations grew by a massive 130% to reach 17.5 GW in 2010, confirming the firm’s [Q3 2010] prediction… that newly added global capacity would hit 17 GW…[T]he new report predicts that installations will see double-digit growth in 2011, to reach 20.5 GW and take the total installed capacity to 58 GW by the end of the year.

    "…IMS Research…raised its outlook for 2011 following its latest round of research and surveys, which identified that at least 22 countries will each install more than 50 MW this year; 18 of them will install at least 100 MW; and 4 at least 1 GW. Reduction in demand in Germany and, of course, the Czech Republic will restrain global growth in 2011, but will speed PV component price reduction and help to accelerate growth elsewhere."


    (from IMS Research - click to enlarge)

    "New installations of 17 GW is somewhat higher than most analysts, banks, and major suppliers estimated for 2010…IMS Research believes most of the discrepancy can be attributed to Italy…[M]any others [expected] only around 1 GW to have been installed…[but IMS Research was] more bullish…and estimates that new capacity was in fact closer to 3 GW, based on its extensive research of the supply chain and system developers. The actual figure will not be confirmed for least another quarter, whilst regulators deal with the tens of thousands of grid-connection applications received in the final months of the year.

    "Because of the decline in new installations in Germany and the Czech Republic, IMS Research predicts EMEA’s share of installations will fall from 81% in 2010 to 68% in 2011, despite high growth still being seen in many large markets such as Italy, as well as in emerging countries like the UK, Greece and Bulgaria…[IMS Research recently] identified its top five PV growth markets for 2011…[O]nly one of these is in Europe; three are in Asia, compounding Europe’s decline in share."


    (from IMS Research - click to enlarge)

    "…[T]he report also predicts [large regional variations and] that PV demand will vary considerably by installation size, with utility-scale systems over 5 MW forecast to grow by nearly 50% in 2011, whilst installations between 10 and 100kW expected to stay flat – largely because of the situation in Germany.

    "IMS Research’s long-term outlook for the industry remains encouraging, with demand diversifying outside the ‘usual’ two or three key countries and predicts that at least 34 countries will install more than 100 MW in 2015, up from just 13 last year…"

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